$4,036 Closing Credit*
$339,900
1,460 SqFt
3 Beds
•1 Full Bath
Valerie Farbo, Listing Office: Vision Realty Partners, LLC
Is 37122, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 37122 has remained a Seller's Market.
Key Takeaway
37122 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37122, TN
How much do homes in 37122, TN cost?
Median Sold Price
$570,015
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,515(+5.5%)
Key Takeaway
Homes in 37122 have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in 37122 was $570,015 in October 2024, up 5.5% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $232.5K | N/A |
| 2 Bedrooms | $385K | $406K | +5.5% |
| 3 Bedrooms | $450K | $489.9K | +8.9% |
| 4 Bedrooms | $600.6K | $607.2K | +1.1% |
| 5+ Bedrooms | $675K | $718.7K | +6.5% |
Summary: 37122 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 6.5%.
Housing Supply in 37122, TN
How many homes are available in 37122, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 362 | 352 | -2.8% |
Summary: The 37122 real estate market had 352 homes for sale in October 2024, a 2.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 20 | 0.0% |
| 3 Bedrooms | 154 | 154 | 0.0% |
| 4 Bedrooms | 144 | 136 | -5.6% |
| 5+ Bedrooms | 44 | 42 | -4.5% |
Summary: The 37122 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 4.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 86 | 61 | -29.1% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37122, you may be able to get a good deal. 44.1% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in 37122 in October 2024, down by 29.1% month-over-month. Of the 59 sold homes, 44% were sold under asking, 29% were sold at asking, and 27% were sold over asking.
Days on Market for 37122, TN
How long does it take to sell a home in 37122, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 29 Days | +12.4% |
Summary: Homes in 37122 had an average of 29 days on market in Oct 2024, up by 12.4% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37122 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 61 homes were sold in 37122; 64% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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